Top 15 Countries that Have the Highest Import Tariff Rates

Last Updated on October 27, 2020

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The government of a country imposes relatively insignificant taxes (import tariffs) that business professionals must pay for products that are manufactured abroad and imported into the country.

And of course, these taxes are based on what kind of goods is imported and from which country, while adhering to national laws. This is pretty similar to the way local manufacturers and consumers normally pay taxes when buying and selling goods.

Yet, in reality, several countries rather use these import tariffs to protect specific domestic industries, make more money, and keep state-operated monopolies protected.